Ocean Protocol (Bittrex: OCEANUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ocean Protocol began a wave one advance on May 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 26, and the red wave two (blue sub-waves a-b-c) correction ended on June 11. If this wave count is correct, Ocean Protocol should be heading next towards the May 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. You can watch their intro
The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday.
The leading cryptocurrency by market capitalization rose to $9,381 at 05:55 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index.
BTC was last seen trading at $9,250 representing 6.4 percent gains on the day. On a month-to-date basis, the cryptocurrency is up 8 percent.
Facebook’s GlobalCoin project, also known as Project Libra, may face significant hurdles as the social media giant works toward a prospective launch.
Despite reports that Facebook is gearing up to reveal its new cryptocurrency as early as next week, a source with knowledge of Facebook’s operations said the project’s software has a long way to go until it can be used. Sources attribute the delay to blockchain industry incumbents being reluctant to work on a project that doesn’t appear to have the hallmarks of a true cryptocurrency.
One source estimated that early 2020 would be a more realistic timeframe for testing, so any imminent announcements would merely be forward-looking plans.
Bitmain is suing three former employees who started Poolin, a rival to the chip manufacturer’s BTC.com mining pool.
The company is seeking $4 million in damages, alleging the Poolin co-founders violated their non-compete agreements; The former employees say Bitmain voided the non-compete by failing to pay them on time as agreed.
The case offers a rare window on Bitmain’s inner-workings and employment practices.
Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency.
A year after the Fair Trade Commission requested Bithumb and four other platforms to adapt their policy, the companies will now hold themselves accountable in the event of user funds being stolen.
The onus for paying out will lie with the exchanges even if no willful or gross negligence occurred on their part, The Korea Herald stated.
South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14.
A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a form of payment. While the anonymous executive confirmed the partnership, further details were not forthcoming.
The executive stated that it was likely the company would operate as a node in Facebook’s purportedly forthcoming blockchain network.
Mercado Libre is one of the most popular e-commerce platforms in South America with operations in 19 countries.
Vietnam AI Grand Challenge online event with $40,000 in prizes. Registration deadline is June 16.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are currently testing the resistance line at 0.41$ and it looks very difficult to break it again. We are having big candle UP and big candles Down. Let’s see who will win but for sure we start to have volatility on the STEEM which is at least a good sign.
President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock market crash if he’s not re-elected. “If anyone but me takes over,” Trump told his 61 million Twitter followers on Saturday, “there will be a Market Crash the likes of which has not been seen before!”
The Dow posted 71 record high closes in 2017, starting within a week of Trump’s inauguration, and another 15 in 2018, helped by the passage of a Republican tax bill.As Trump kicks off his re-election campaign, the chances of a recession the starting
